NPCA PROJECTS 6 PERCENT SHIPMENT GROWTH AS PUBLIC WORKS MARKET INCHES BACK

Based on data from its recently released Precast Industry Benchmarking Report and leading forecasters, National Precast Concrete Association sees U.S. producers’ business increasing this year to $16.8 billion from $15.9 billion in 2013, the 6 percent gain modest against higher overall construction growth in 2014.

The precast industry can lag broader activity due to product concentration in public works, which takes longer to recover after a recession, according to NPCA President Ty Gable. “Many public works projects are bid and funded years in advance. The result is that the precast industry stayed fairly strong for about a year after much of the rest of construction [business] went into recession,” he adds. “Now it’s taking us longer to come out of it while we’re waiting for public works projects to come off the shelf.”

Contact Details

About Us

Concrete Products covers the issues that attract producers of ready mixed and manufactured concrete. With an editorial focus on equipment and material technology, market development and management topics, Concrete Products provides practical information for management professionals on how to run their day to day business.